Use the following information to answer the given question
\(\begin{array}{c|c}year & profit \\ \hline 2003 & Le 40,000\\ 2004 & Le 48,000\\ 2005 & Le 62,000\end{array}\)
The value of goodwill calculated at 3 years purchase of annual profit is
Le 450,000
Le 150,000
Le 50,000
Le 48,000
Correct answer is C
No explanation has been provided for this answer.